Short Sale vs. Foreclosure

Short sales are much different from foreclosures in both the result to the homeowner and in the process itself. In a short sale, the lender agrees to the short sale process, with the benefits to the homeowner being reduced impact to his credit score, and the possibility of waiver of any payoff shortfall. A foreclosure […]

Benefits to the Lender In Accepting A Short Sale

The realities in the current housing market dictate that there are substantial financial benefits to the lender in agreeing to a short sale with the homeowner. Primary among these direct benefits is the possibility of quickly eliminating further expenses to the lender associated with this distressed property while concurrently providing the lender with the highest […]

Have Patience With A Short Sale

The greatest drawback for a buyer when making a purchase through a bank short sale process is the amount of time that can pass between the offer and contract with the homeowner and the final approval of the sale by the mortgage lender(s). The reason for the long delay is that the lender must give […]

The Short Sale Process In Brief

The short sale process generally begins when the homeowner approaches his lender with concerns about his ability to continue making his mortgage payments. At this point the homeowner may or may not be current on his mortgage payments, but the homeowner has some reason to believe that falling behind is certainly a real possibility. Typically […]

What is a Short Sale

Some Basics About Short Sales A “short sale” occurs when a homeowner must move out of their property and finds that the market value of their home is less than the amount of money he (or she) owes on their mortgage. You may have heard this referred to as being “underwater”. Simply put, the proceeds […]

Selling Your Home In Howard County

The Selling Process Our agents have successfully guided hundreds of area sellers through the home selling process, from the initial consultation with our clients to the excitement of the day of actual transfer of title. We are highly experienced in the steps necessary to market and sell a home, and our understanding of real estate […]